April 18th, 2020 4:20 AM by Eric Willner
Radio Show Notes 4/15/20 Wednesday: Unconventional Strategies For This Unconventional Market – Go To Cash Now
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By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate.
Today, in our Wednesday Midweek Report edition of The Real Estate Show, Eric Willner reveals another of his Unconventional Strategies For This Unconventional Market – Go To Cash Now! In light of the continued impact of the novel Coronavirus and the crashing employment figures, he believes the road ahead may be longer than expected and having cash now may be critical.
In his argument for his Unconventional Strategies For This Unconventional Market – Go To Cash Now, he cites past and current unemployment figures ahead of this weeks release of the Federal Unemployment Report this Thursday morning.
Experts predict that Jobless claims might top 5 million for third straight week, push unemployment to 15%, putting it at its highest level since the Great Depression! So heeding Eric’s advice for Unconventional Strategies For This Unconventional Market – Go To Cash Now, may be very good advice right now.
First, get an accurate picture of where you are right now. How much cash do you have on hand? What else can you easily convert to cash? For many media reporters and government officials that say things are not so bad, a little out-of-the box thinking may be in order. Consider instead some unconventional strategies for this unconventional market would be prudent.
When it comes to real estate, the same concept of unconventional strategies for this unconventional market – go to cash – applies, but just with a twist. It may be too late to sell into our recent market strength, but you can still pull your cash out with a refinance and historically low rates. Plus there is a special but limited window of opportunity RIGHT NOW. Due to the fact that there have been few sale transactions closed during the lock down over the last 30 days, appraisers are still using March comparable sales – before the Covid-19 Pandemic took hold of our economy. That means higher appraisal values for a limited time. Once those comps become greater than 90 days old lenders will likely stop accepting these older higher comps, and this window of opportunity will slam shut!
Finally, do not panic, stay informed, and use your best judgment. The situation is rapidly changing, so focus on putting policies and procedures in place to keep your perspective.
Listen to the show live or the archived version in its entirety for all the tips, facts and ideas discussed today.
Want more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner. The Show is Live every weekday morning at 8 o’clock (EST) on Florida’s Money Talk Radio station WSBR: AM 1470, FM 95.3, FM 96.9, and FM 103.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook.
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Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
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